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- As Apple (AAPL) stock hits all-time highs and a $3 trillion market valuation, BlackBerry Limited (NYSE: BB) shares crater to new lows. The company once had the leading mobile device, and now BlackBerry is raising debt via a private offering, sending the stock plunging.
People also ask
Why did BlackBerry lose out to Apple and Samsung?
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Apr 14, 2024 · BlackBerry’s stock price effectively tanked from highs of $147 to around $3 as of April 2024. How did a high-flying revolutionary tech company get eclipsed so badly? A movie, released...
Mar 17, 2021 · BlackBerry deserves credit for stabilizing its business before it plunged off a cliff, but investors shouldn't expect it to evolve into a high-growth tech company within the next five years.
Aug 12, 2013 · August 12, 2013. Shares in the Canadian maker of BlackBerry smartphones peaked in August of 2007, at two hundred and thirty-six dollars. In retrospect, the company was facing an inflection point...
Jan 24, 2024 · While BlackBerry was among the largest smartphone manufacturers in the world at the start of the last decade, it lost market share to Apple, Samsung, and a slew of other companies from China.
BlackBerry lost out to Apple and Samsung for dominance of the smartphone market. Fundamentally, the company’s mistakes were linked to an excessive focus on enterprise over consumer tastes and preferences, an OS that nobody was building apps for.
Jan 8, 2022 · Once they were all the rage, but now BlackBerry is pulling service for its business smartphones, seeing they have been surpassed by the iPhone.
Jan 4, 2022 · But the models that followed the iconic BlackBerry Bold would face increasing competition from Apple and Android phones. So what happens next? In 2020, TCL's licence ended and was picked up by...
